TRUSTEE APPOINTMENTS. The Trustor, hereby appoints
TRUSTEE APPOINTMENTS. The Participating Employer acknowledges it has no right to appoint or participate in the appointment of Trustees under the Trust Agreement.
TRUSTEE APPOINTMENTS. 1. In the event of the inability of the Settlor to serve as Trustee of this Trust during his lifetime, the Settlor names his children, XXXXXX XXXXXX, XXXXXX XXXXXXX, and XXXXXXX XXXXXX, together with XXXXX XXXXXX, as successor Co-Trustees.
2. The Settlor appoints the Beneficiary of each Descendant's Separate Trust who has otherwise attained the age of thirty-five (35) years to serve as Co-Trustee of such separate trust, together with XXXXX XXXXXX.
3. The Settlor appoints his son, XXXXXX XXXXXX, to serve as sole Trustee of Marital Trust I and the LMM Family Corp. Descendants' Trust. In the event for any reason that the Settlor's son, XXXXXX XXXXXX, cannot serve as Trustee of said Trusts, then the Settlor's daughter, XXXXXX XXXXXXX, the Settlor's son, XXXXXXX XXXXXX, and XXXXX XXXXXX shall serve as Successor Co-Trustees of such Trusts.
4. The Settlor names his sons, XXXXXXX XXXXXX and XXXXXX XXXXXX, and his daughter, XXXXXX XXXXXXX, together with XXXXX XXXXXX, as Co-Trustees of Marital Trust II, the Xxxxxxx Xxxxxx Testamentary Charitable Lead Annuity Trust (CLAT), the Credit Shelter Trust, the Reverse QTIP Trust and all other trusts created hereunder, not otherwise specified.
5. A Trustee who is named by the Settlor to take office upon the Settlor's death shall serve together with any then-serving Trustee who is a party to this Agreement or any then-serving successor Trustee or Co-Trustee. If one or more of Trustees of any trust created hereunder are unable to serve, at any time or times, the remaining Trustees shall continue to serve as Trustees of such trust.
6. Except as may be expressly provided elsewhere in this Agreement, Trustees shall be entitled to serve based on the following rules:
a. first, each Trustee who is a party to this Agreement shall be entitled to serve,
b. second, any successor Trustee named by the Settlor in this Agreement shall be entitled to serve,
c. third, a then-serving Co-Trustee effectively appointed by another Trustee shall be entitled to continue serving,
d. fourth, a successor Trustee effectively appointed by another Trustee or by the Protector, and not disqualified by the Protector's removal of the appointing Trustee, shall be entitled to serve.
7. In the event that the sole Trustee of a trust is a beneficiary of the trust, the Trustee may appoint, but shall not be required to appoint, a Co-Trustee as provided herein. A beneficiary's interest may not be merged or converted into a legal life estate or estate for years because...
TRUSTEE APPOINTMENTS. The Trustor, hereby appoints , the Trustor, as Trustee of this Trust. If the Trustor, is unable to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee. The Trustee shall have all powers as provided in this agreement and the laws of the State of Arizona. The principal place of administration of this trust is the Trustors place of residence, regardless of the residence of the Trustee. If multiple or Co-Trustees are appointed their exercise of powers shall be governed by Arizona Code Section 14-10703.
TRUSTEE APPOINTMENTS. In the event of the inability of the Settlor to serve as Trustee of this Trust during his lifetime, the Settlor names his children, XXXXXX XXXXXX, XXXXXX XXXXXXX, and XXXXXXX XXXXXX, together with XXXXX XXXXXX, as successor Co-Trustees.
TRUSTEE APPOINTMENTS. The Trustor, hereby appoints , the Trustor, as Trustee of this Trust. If the Trustor, is unable to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee. The Trustee shall have all powers as provided in this agreement and the laws of the State of Pennsylvania. The principal place of administration of this trust is the Trustor’s place of residence, regardless of the residence of the Trustee. Any power vested in three or more trustees may be exercised by a majority, but a trustee who has not joined in exercising a power is not liable to the beneficiaries or to others for the consequences of the exercise, and a dissenting trustee is not liable for the consequences of an act in which he or she joins at the direction of the majority of the trustees if the dissenting trustee expressed his or her dissent in writing to any of his or her co-trustees at or before the time of the joinder. In the event a vacancy in the office of Trustee occurs and there is no successor trustee, the existing Trustee, if one, and the beneficiaries, or the beneficiaries, if there is no trustee, may agree to a non-judicial change in the trustee by amendment to this Trust agreement.
TRUSTEE APPOINTMENTS. The Trustor, hereby appoints , the Trustor, as Trustee of this Trust. If the Trustor, is unable to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee. If neither the first or second Trustee are able to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee, whether one or more. The Trustee shall have all powers as provided in this agreement and the laws of the State of Georgia. The principal place of administration of this trust is the Trustors place of residence, regardless of the residence of the Trustee. If multiple or Co-Trustees are appointed their exercise of powers shall be governed by Georgia Code Section 00-00-000. In the event a vacancy in the office of Trustee occurs and there is no successor trustee, the existing Trustee, if one, and the beneficiaries, or the beneficiaries, if there is no trustee, may agree to a non-judicial change in the trustee by amendment to this Trust agreement.
TRUSTEE APPOINTMENTS. The Trustor, hereby appoints , the Trustor, as Trustee of this Trust. If the Trustor, is unable to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee. The Trustee shall have all powers as provided in this agreement and the laws of the State of Massachusetts. The principal place of administration of this trust is the Trustors place of residence, regardless of the residence of the Trustee. If multiple or Co-Trustees are appointed their exercise of powers shall be governed by Code of Massachusetts, Title 18-A-Section 7-405. In the event a vacancy in the office of Trustee occurs and there is no successor trustee, the existing Trustee, if one, and the beneficiaries, or the beneficiaries, if there is no trustee, may agree to a non- judicial change in the trustee by amendment to this Trust agreement.
TRUSTEE APPOINTMENTS. The Trustor, hereby appoints , the Trustor, as Trustee of this Trust. If the Trustor, is unable to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee. The Trustee shall have all powers as provided in this agreement and the laws of the State of North Dakota. The principal place of administration of this trust is the Trustor’s place of residence, regardless of the residence of the Trustee. If multiple or Co-Trustees are appointed their exercise of powers shall be governed by North Dakota Century Code Section 59-15-03. In the event a vacancy in the office of Trustee occurs and there is no successor trustee, the existing Trustee, if one, and the beneficiaries, or the beneficiaries, if there is no trustee, may agree to a non- judicial change in the trustee by amendment to this Trust agreement. See North Dakota Century Code 59-15-04.
TRUSTEE APPOINTMENTS. The Trustor, hereby appoints , the Trustor, as Trustee of this Trust. If the Trustor, is unable to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee. If neither the first or second Trustee are able to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee, whether one or more. The Trustee shall have all powers as provided in this agreement and the laws of the State of North Carolina. The principal place of administration of this trust is the Trustor’s place of residence, regardless of the residence of the Trustee. If multiple or Co-Trustees are appointed their exercise of powers shall be governed by North Carolina General Statutes Chapter 36C Section 36C-7-703. In the event a vacancy in the office of Trustee occurs and there is no successor trustee, the existing Trustee, if one, and the beneficiaries, or the beneficiaries, if there is no trustee, may agree to a non-judicial change in the trustee by amendment to this Trust agreement.
